Forex Daily Forecast, Analysis and Prediction

The AUD/USD pair slipped to the lowest level since October 7 as investors reflected on the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).

The BTC/USD pair struggled to bounce back as it crashed to a multi-week low.

The US dollar rallied again on Wednesday, as we continue to see the greenback rally against almost everything.

The DAX went back and forth on Wednesday as the market seems to be hovering around the €16,250 level.

Gold markets rallied significantly on Wednesday as we continue to see a lot of bullish momentum.

The Australian dollar fell again on Wednesday to reach below the 0.73 level.

The West Texas Intermediate Crude Oil market fell on Wednesday to reach down towards the crucial 50-day EMA.

The EUR/USD has continued to lose value and is testing long-term support as price velocity downwards has quickened.

ADA/USD has seen a sharp loss of value since early last week and is now perched above crucial mid-term support, which creates tough decisions for speculators.

Gold declined from the resistance level of $1878 yesterday, its highest in five months, before it reached the $1849 support and settled around the $1857 level as of this writing.

The catalysts for the USD's ​​gains have been increasing, and they all come down to one thing: the approaching date of raising US interest rates.

The British pound is again defying the strength of the US dollar.

US retail sales numbers joined the list of releases which are fueling expectations of a raising of US interest rates soon.

The West Texas Intermediate Crude Oil market has gone back and forth on Tuesday, as we are hanging about the $81 level.

The US dollar initially pulled back towards the 50-day EMA to turn around and show signs of life again.